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<br />Dissolution Agreement <br />Page 2 <br /> <br /> <br />NOW, THEREFORE, the Cities and their respective Member Departments agree as follows: <br />1. The Association shall divide all assets and liabilities, if any, among the remaining Member <br />Departments in proportion to the contribution of the remaining Member Departments, as <br />provided in Paragraph 17 of the JPA. <br /> <br />2. To dissolve the JPA and terminate the Chief’s Board and Operations Committee created by <br />and through the JPA upon the completion of division and distribution of all assets and the <br />liabilities other than the Facility and the Property. <br />3. The Facility and Property shall revert back to Fridley, upon dissolution, as provided in <br /> Paragraphs 16 and 17 of the JPA. <br />4. This Agreement may be executed in any number of counterparts, each of which shall be <br /> deemed an original but all of which shall constitute one and the same instrument. <br />5. The effective date of this Agreement shall be the date upon which the last of the Cities has <br />caused this Agreement to be executed pursuant to an authorizing resolution of its governing <br />body. <br /> <br />[The remainder of this page is intentionally left blank.] <br />